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23 Feb YMH Stretch, (3, -1) price reversals


Howdy,
First, there are a couple of (3, -1) formula applications for the 23 Feb trading day price rotations; however, each was followed by a 1.618% of the Stretch in a narrowing symmetrical triangle, which fit into the following measurements, would have doubled the length of this post. I've provided a quick summary, and a more detailed description supporting the summary.

‎22 Feb YMH1 settlement: 12183
12183 + 2.618% of Stretch (20) calculation, i.e., = 12183 + 52= 12235. 23 Feb high = 12236.

22 Feb trading range: 12336-12157=178, 1/2 178=89 + 12157 = 12246. 23 Feb high 12236. 22 Feb mid-range = 12246. Large price moves this week, hence, Stretch x 8.5% = 170. 12235-170=12065. 23 Feb low=12045 reversed up 84 points.
12045 + 84 = 12129.
12045 + 4.25% of the Stretch = 12130 where prices reversed lower by almost 2.618%. (see below).

23 Feb: Fading the YMH1 opening rally from 12080 +2.618% of the 2/23 Feb Stretch calculation =
12180 + 52 = 12233 (2/23 high 12236 and mid-range of 2/22 Feb = 12246, i.e., 1st resistance).
Lybia crisis: oil up, equities down... uni-directional day. If you held the short at the first projected 2.618% reversal high that tested the 22 Feb mid-range, i.e., 1st resistance, and held that short into the close, 12094, ... +139 pts x $5 per contract.

The 23 Feb intra-day low, 12045 bounced 84 points into the close, i.e., ...
12045 + 84 = 12129, into the close. 4.25% of the Stretch calculation into the close, i.e.,
12045 + 85 = 12130 .... (85 = 4.25% of the Stretch)

12129 corrected nearly 2.618% to 12083 in the last few minutes of 23 Feb B session trading (12129 - 52 = 12077).